Investing Trends

: A grouping of investors advised by U.S. private equity company J.C. Flowers on Friday presented an offering for up to 24.9 percentage of Hypo Real Number Estate Retention silver — a command worth as much as €1.1 billion (US$1.7 billion).

HRE Investing Retention command €22.50 (US$35.33) per share in hard cash for the interest in the real-estate investing bank. The offer, which open ups Friday and runs out June 23, would be deserving about €1.1 billion (US$1.7 billion) if fully subscribed.

Munich-based Hypo Real Number Estate supplies funding for commercial existent estate, the public sector and substructure projects.

Earlier this month, Hypo Real Number Estate reported a diminution in first-quarter pretax net income and said it wrote down €175 million (US$270.5 million) because of exposure to the U.S. subprime crisis.

J.C. Flowers initially announced programs for an offering in April. The investor grouping trusts to beef up Hypo Real Number Estate and, according to J.C. Flowers, could put in commercial existent estate and public-sector financing undertakings in Federal Republic Of Germany and Japan. Today in Business with Reuters

Hypo Real Number Estate shares were up 2.5 percentage at €21.80 (US$34.23) in Frankfurt On The Main trading on Friday's news.

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